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Akua Lands $3.2M To Turn Kelp Into Burgers

Akua Lands $3.2M To Turn Kelp Into Burgers

11/05/21, 12:00 PM
Money raised
$3.2 million
Round Type
seed
The global meat substitute market was valued at $4.51 billion two years ago and is expected to double by 2027, attracting startups, like alternative meat food tech company AKUA, that aim to solidify a prominent place in the up-and-coming industry.

Company Info

Company
Akua
Additional Info
In 2019, the company came out with its first product, Kelp Jerky, which comes in four flavors, and was a product Boyd Myers thought would be a good trial run to help people see ocean-farmed kelp in a new way. However, the company is dabbling in retail locations and has preorders from over 100 stores in New York, and she expects those will go out in the coming months, followed by stores in San Francisco and Los Angeles. The company will also hire additional talent and ramp up its sales and marketing efforts.